treatment of scrap sale

ashish (Querist) 19 September 2008 This query is : Resolved
r/sir,
during an assessment under vat (jharkhand),the a.c.c.t.want to treat the scrap sale as part of g.t.o.
the dealer deals in furniture business
,and if he sells cartoon or plastic as scrap ,then he has to pay the tax?

Follow Query

Report Abuse

VASANTH D JAGANATH (Expert) 19 September 2008
Yes tax can be leived on sale of scrap also

as sale of scrap is good and it is made during course of business liable for tax

ARVIND JAIN (Expert) 20 September 2008
Is it not a misc. income ? If yes, it will be taxable.

rajesh garg (Expert) 22 September 2008
VAT ON SCRAP SHALL BE LEVIED.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Member Strength 981482 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify